I have summarized 9 practical experiences. If you learn these, you can earn your first million in life!
1. If you don't have much capital on hand, for example, within 100,000, don't be greedy. Just catch one big market trend a day and that's enough. Don't think about holding positions all the time and making endless profits; that's impossible!
2. When you encounter a major good news and haven't sold on that day, you need to sell quickly when the market opens high the next day. Often, when good news comes out, it's the time to sell at the peak; don't wait until it drops and regret it.
3. News and holidays are the keys to making money. When major events are coming, reduce your positions or go to cash ahead of time, and wait for the market to clarify before following the trend to earn profits without loss!
4. For medium to long-term trading, you should go in with light positions to leave yourself some room. Don't start with heavy positions; it's easy to flip. Smart operation and gradual accumulation are the way to go.
5. For short-term trading, the key is to enter and exit quickly without dragging your feet. Seize the opportunity, enter decisively, and if the market doesn't look good, leave immediately. Don't let greed trap you.
6. The market can sometimes be as slow as a snail and sometimes as fast as lightning. You have to go with its rhythm and not overthink it.
7. If you get the direction wrong, you must stop losses in time. Don't stubbornly hold on; stop-loss is to protect your wallet, don't wait until you incur big losses to regret it.
8. For short-term trading, keep a close eye on the 15-minute K-line chart. The KDJ indicator can help you find the right entry point; don't miss the opportunity.
9. The last and most important point is your mindset. The cryptocurrency market is volatile, and you need to have a strong heart. Don't let temporary ups and downs affect your mood; stay calm to make money in the long run. In short, making money in the cryptocurrency market is not easy, but if you master these techniques, you can also become a winner in life.
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